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What is also wild is that none of their investors obviously ever asked for even, like, a single account reconciliation, because obviously there were none! Unti
by fisherjeff 4y ago
What is also wild is that none of their investors obviously ever asked for even, like, a single account reconciliation, because obviously there were none!
Until the Chapter 11 filing, I assumed the books were pretty much normal until Alameda started to tank and then shady stuff started happening, but it turns out they were always just guesstimates in Excel. Which is apparently fine when raising ~$2B.